Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Sahuarita, Arizona Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Sahuarita, Arizona seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Sahuarita, Arizona, we've assembled a list of local small business banks that you should contact.

Lenders for Sahuarita Businesses

This is a list of banks outside of Sahuarita, Arizona that have provided SBA loans to Sahuarita businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Compass Bank
Birmingham, AL
1
Jpmorgan Chase Bank
Houston, TX
3
M&i Marshall & Ilsley Bank
Milwaukee, WI
2
Vantage West Cu
Tucson, AZ
1
Wells Fargo Bank
San Jose, CA
1

Sahuarita Bank Loan Tips

Prior to reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks are SBA lenders. Before you sit down to talk with a small business banker, you may want to read up on on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is dedicated to providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, one article that might be of interest to you is 504 Loans.

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